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Advances in PM Part I: Value

PM Point of View

Release Date: 02/03/2016

PM Discipline Integration in the Federal Government show art PM Discipline Integration in the Federal Government

PM Point of View

Dive into the future of project management within the U.S. government in this engaging and insightful interview with key players from the USDA and NOAA. Hear from Jason Traquair, Kellie Cenzano, Daryl Frazier, and Joe Giraldi as they unveil their pioneering efforts and collaborations aimed at enhancing program and project management disciplines across their respective organizations. Discover the innovative strategies, such as building vibrant communities of practice and leveraging integrated value networks, that are set to redefine how government agencies achieve mission success and tackle...

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Risk and Resilience at the UMD PM Symposium (Revised) show art Risk and Resilience at the UMD PM Symposium (Revised)

PM Point of View

Risk-- again!  This episode with guests from the upcoming UMD Project Management Center for Excellence symposium is a thought-provoking discussion that takes a closer look at a crucial aspect of project management – risk management. We've gathered a dynamic trio of experts from diverse backgrounds to share their insights, experiences, and groundbreaking strategies on tackling risks head-on, making your projects more resilient and successful. Joining us from the realms of technology, clinical research, and literary scholarship, our speakers, Lakshmi Sowjanya Uppala from Amazon, clinical...

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People in Projects at the UMD PM Symposium 2024 show art People in Projects at the UMD PM Symposium 2024

PM Point of View

Heralding the annual arrival of the flagship UMD Project Management Center for Excellence symposium, this episode has 3 of the presenters in the People and Projects track: Kevin Coleman, a visionary leader and the founder and CEO of KMC Empowerment, John Eskandar, a seasoned professional in project controls at Exelon and graduate of the UMD PM program, who brings a wealth of experience managing large-scale construction projects and Abbigail Meah-Ali, a manager of construction services at the National Gas Company of Trinidad and Tobago. From Trinidad to Maryland to Virginia, our guests span a...

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Program Value Management show art Program Value Management

PM Point of View

Challenged by the hosts, Kendall Lott and Mike Hannan, returning guest Steven Devaux takes his value break down structure (the "Golden Triangle") to a new level, looking at quantifying value of project within programs. That’s the obvious, the less obvious is looking at the need for this view point in critical areas such as public health, emergency response and national security. He emphasizes the need to prioritize or sequence projects within a program to optimize the schedule for maximum impact, where the focus is on delivering outcomes rather than just producing products.   What might...

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Asteroids show art Asteroids

PM Point of View

In this podcast episode, co-hosts Kendall and Mike are joined by guest Roy Mazel, a retired NASA project leader and guest lecturer. They discuss the Project Management complexities of asteroid missions, specifically, the OSIRIS-REx Psyche missions.  As you might guess, the successful implementation of risk management strategies and the importance of technical integrity in the face of schedule pressure is the litmus test of getting these missions completed on time, on budget, and without failure. And what you might not expect, Roy highlights the importance of a strong organizational...

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Let it Flow, Success without Force show art Let it Flow, Success without Force

PM Point of View

In this episode, Kendall, Mike, and Wolfram Mueller discuss strategies to improve business workflows using the Theory of Constraints (TOC) and Critical Chain Project Management, focused on two things: underloading system constraints and buffer management (having a signal that our flow is or isn't working). One thing that pops out is the importance of calculating business cases and recognizing growth potential--that becomes the compelling case to get middle management on board with the change needed. Getting a team to underload (reduce the non-critical work) of key resources, while having other...

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Getting Out of Our Own Way show art Getting Out of Our Own Way

PM Point of View

The crux of any success? It isn't the plan, it isn't the desire, not even the WIIFM, its EXECUTION. And organizational change is no different. Today's episode discusses the difficulties that organizations face when it comes to executing change. Once again guest and change management author and guru April Mills comes to us on the topic of change…but this time it isn't how to do it, but how she has seen managers institutionally throw up their own barriers to change even as they try to change…starting with outsourcing on the thinking to…professionals. It may be that we are so good at PM...

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PM Faceoff: Process vs Principles show art PM Faceoff: Process vs Principles

PM Point of View

So there we were at the 10th annual UMD PM Symposium, having the Great Debate of Process vs principles.  Facing off were Crystal Richards, CEO of MindsparQ and Laura Barnard, CEO of PMO Strategies. One hour of back and forth and audience questions.  In sum: From the debate between Laura and Crystal,It's clear that project managers should grab the handle.Be a business leader and ask good questions,Embrace risk and change with no exceptions.

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Listener Questions Revealed! show art Listener Questions Revealed!

PM Point of View

Elevating the Conversation about Project Management, with a twist. In this episode cohosts Mike Hannan and Kendall Lott take on some Listener Feedback. A running theme in the show is the actual and delineation of project manager, product manager, and program manager--so we jump on that! Of course, our main theme of its all about value, adding value and understanding projects as investments is once again threaded through the answers. But new things lurk--how do you agile on a fixed-price contract? What's the danger and opportunity in cross-functional teams and accountability when managing...

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UMD PM 4.0 AI & Future for Project Managers show art UMD PM 4.0 AI & Future for Project Managers

PM Point of View

No Luddites here! Episode 3 of the UMD PM Symposium prequal and guests Al Zeiton, Marissa Brienza and Bill Brantley chat about the role of AI in Project Management and the potential risks and benefits of using it as PMs. We discover the logic and importance of maintaining human interaction—turns out its not fear that makes us think “it will never replace us” but rather AI’s limitations in the larger PM discipline. Ah! But what potential magic AI may bring if we use it as augmenting project management, driving improved risk assessment, and being our outsourced memory! All in service of...

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More Episodes

Heads down on getting things done, project managers often forget (or are left in the dark about) the underlying purpose the projects they are assigned.

Even more, they are rarely told of the value of the project.

Projects are investments. PMs are investment managers, managing a dynamic scope that changes the value that is produced.

And there are ways to evaluate, monitor and manage the changing value.

Listen in and let Mary Ann Lewis, Robert Stewart, Stephen Devaux, and Michael Hannan give you the insight, the high value concepts that help PMs be more than task masters, but value managers.

Project Management Point-of-View (PM-POV), a podcast series produced by the Washington DC Chapter of the Project Management Institute, allows our membership and the public at large to listen to brief and informative conversations with beltway area practioners and executives as they discuss various perspectives on project management-- its uses, its shortcomings, its changes, and its future. Listens can send comments and suggestions for topics and guests to: [email protected].

 
PDU Information

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Use the following information in PMI's CCRS system to register the PDUs for this podcast:

  • PDU Category: Online or Digital Media
  • Provider Number: C046
  • Activity Number: PMPOV0025
  • PDUs for this episode: 1

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About the Speakers

Stephen A. Devaux, MSPM, PMP

 
Analytic Project Management
President

Steve Devaux, MSPM, PMP, is President of Analytic Project Management, Boston, MA, a PMI Global R.E.P. founded in 1992. Major corporate clients include Siemens, BAE Systems, Wells Fargo, Texas Instruments, Wyeth Pharmaceuticals, MIT Lincoln Labs, iRobot, L-3 Communications, American Power Conversion, and Respironics.

Devaux’s newest book Managing Projects as Investments: Earned Value to Business Value came out from CRC Press in September 2014. He is also the author of Total Project Control, the second edition of which was published by CRC Press in March 2015. He contributed chapters on his new CPM metric, critical path drag, in two 2013 books: Project Management in the Oil and Gas Industries and Handbook of Emergency Response. He is the author of numerous articles and PMI webinars, and a frequent speaker at PMI Chapter meetings throughout the US. He also authors a blog on advanced practices in project management several times a week at www.TotalProjectControl.com.

Over the years, he has taught graduate project management courses at Suffolk University, Brandeis University and University of the West Indies/Barbados and in Executive Education programs at Bentley University and UMass/Lowell.

 

Mary Ann W. Lewis

 
SAVE INTERNATIONAL
President and Government Liaison

Mary Ann W. Lewis is the president and the government liaison of SAVE International, the professional society for the Value Methodology.

She spent her career promoting value-improving practices and construction management. Ms. Lewis managed Black & Veatch’s Water Program & Construction Management Practice. She co-founded Lewis & Zimmerman Associates (1982), the Construction Dynamics Group (1983), and CDG International (1991-UK), which were sold in 2004 to ARCADIS. She worked for two U.S. Congressmen early in her career.

She is a trustee and former chair and director of the nonprofit Lawrence D. Miles Value Foundation. Ms. Lewis is a Fellow of SAVE International.

PMIWDC Presentations: 
 

Robert B. Stewart, CVS-Life, FSAVE, PMP, PMI-RMP

 
Value Management Strategies, Inc.
President / CEO

Mr. Stewart has nearly 30 years of experience in leading Value and Risk studies for a wide variety of public and private clients. He has also authored three books on the management of value and risk and developed the Value Metrics Process for VMS. He is a Fellow of SAVE International and currently serves as Chairman of the Miles Value Foundation and is Vice President of Communications for SAVE International.